The Finance Act, 2023 was signed into law by outgoing Nigerian President Muhammadu Buhari on his last day in office, May 28. The legislation enacts a number of tax changes designed to bring the country’s tax system into the contemporary era. Gains from the sale of digital assets, such as
Circle, the issuer of the USDC stablecoin, has continued with its preparations for an initial public offering (IPO) despite aggressive regulatory action by the U.S. Securities and Exchange Commission (SEC). But in light of the present regulatory climate, Circle can expect everything but an easy ride. Circle planned a merger
On Friday, Whale Alert claimed that 4 trillion Shiba Inu (SHIB) tokens, worth millions of dollars, were transferred from Shiba Staking to Binance, a cryptocurrency exchange. Community members are wondering whether the SHIB price would see another collapse after the big unstaking of Shiba Inu tokens. The Shiba Inu (SHIB)
House Republicans and Democrats have collaborated on a draft stablecoin law. This has been produced by the House Financial Services Committee in the United States. On Tuesday, a full hearing by the House Financial Services Committee will provide “clarity” on the structure of the digital asset market. And also the
BitGo, a supplier of wallet infrastructure and digital asset custodian, said on June 8 that it has signed a non-binding letter of intent to acquire Prime Trust, a provider of fintech infrastructure. The details of the deal were kept confidential. If the purchase goes through, BitGo will expand its wealth
Circle Internet Financial, the company behind the USDC stablecoin, has appointed former CFTC chairman Heath Tarbert to serve as the company’s chief legal officer and director of corporate affairs. Tarbert worked in the executive, legislative, and judicial departments of the federal government, as well as the CFTC. Heath Tarbert was
Circle Internet Singapore, Circle’s subsidiary in Singapore, has been granted an MPI license by the Monetary Authority of Singapore (MAS). Circle Singapore launched its office in May after receiving in-principle MPI permission from MAS in November last year. Circle, the fintech company behind the USDC and Euro Coin (EUROC) stablecoins,
With the announcement of the imminent release of the Rocket Pond teaser, Shib is preparing to entice users with something special, giving viewers a look inside their spectacular metaverse trip. The official Twitter account made the announcement that Rocket Pond will be one of Shiba’s 11 centers in its virtual
Aave’s recent posting of its ARFC (Aave Request for Comments) proposal on the governance forum is a major step forward for decentralized finance (DeFi). GHO, a native stablecoin, is proposed in this white paper for use on the Ethereum mainnet. Moreover, this user-focused effort allows anyone to mint GHO tokens
A US judge has rejected reality TV star Kim Kardashian’s plea to dismiss the crypto-related litigation now pending against her. There are allegations that Kim defrauded investors. By promoting EthereumMax on her social media platforms without disclosing that she was compensated for doing so. Kim Kardashian’s attorneys asked the judge
